WILMINGTON, Del.--(EON: Enhanced Online News)--Andrews
& Springer LLC, a boutique securities class action law firm
focused on representing shareholders nationwide, is investigating
potential breach of fiduciary duty claims against the Board of Directors
of Stonegate Mortgage Corporation (NYSE: SGM) (“Stonegate Mortgage” or
the “Company”) relating to the sale of the Company to Home Point
Financial Corporation (“Home Point”). On January 27, 2017, the two
parties announced the signing of a definitive merger agreement pursuant
to which Home Point will acquire Stonegate Mortgage in a merger worth
$211 million. As a result of the merger, Stonegate Mortgage shareholders
are only anticipated to receive $8.00 per share in cash in exchange for
each share of Stonegate Mortgage.

Our Firm's investigation so far has also discovered that the process
leading up to the announcement of the merger appears to have significant
conflicts of interest, thus making the process and consideration unfair.

Andrews & Springer is investigating whether Stonegate Mortgage’s
directors are breaching their fiduciary duties by failing to adequately
shop the company and maximize shareholder value. Our firm is also
investigating the Company's financial advisors, Barclays and FBR Capital
Markets & Co., and whether they conducted a fair sales process.

Andrews & Springer is a boutique securities class action law firm
representing shareholders nationwide who are victims of securities
fraud, breaches of fiduciary duty or corporate misconduct. Having
formerly defended some of the largest financial institutions in the
world, our founding members use their valuable knowledge, experience,
and superior skill for the sole purpose of achieving positive results
for investors. These traits are the hallmarks of our
innovative approach to each case our Firm decides to prosecute. For
more information please visit our website at www.andrewsspringer.com.
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